Monday, 29 November 2021

Veon raises almost $1bn in Russian tower sale

by Harry Baldock, Total Telecom
Monday 06 September 21

The deal will see Veon offload 100% of its tower subsidiary National Tower Company (NTC) to Service-Telecom for $970 million

Today, global connectivity player Veon has signed a new agreement to offload the entirety of their Russian mobile tower portfolio to infrastructure specialist Service-Telecom. The deal, valued at around $970 million, will see Service-Telecom gain full ownership of Veon’s Russian tower unit NTC, comprising around 15,400 mobile towers across the country.  This move builds on Service-Telecom&rsquo…

Today, global connectivity player Veon has signed a new agreement to offload the entirety of their Russian mobile tower portfolio to infrastructure specialist Service-Telecom. The deal, valued at around $970 million, will see Service-Telecom gain full ownership of Veon’s Russian tower unit NTC, comprising around 15,400 mobile towers across the country.  This move builds on Service-Telecom&rsquo…

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